Meanwhile, other operating income declined 45% over 1H to $2.7 million from $4.9 million previously due to lower foreign exchange (forex) gains as compared to a year ago.
SINGAPORE (Feb 14): Raffles Education Corporation reported 1H18 losses widened to $7.3 million from $5.6 million a year ago on lower operating income, higher finance costs, and currency translation differences.
Revenue for the half year fell 1% to $48.8 million from $49.2 million.
